Dine Brands Global, Inc. (DIN) To Go Ex-Dividend on September 16th

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Friday, September 4th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.19 per share by the restaurant operator on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

Dine Brands Global has increased its dividend payment by an average of 0.2%per year over the last three years. Dine Brands Global has a payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dine Brands Global to earn $4.65 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 16.3%.

Dine Brands Global Trading Down 1.6%

Shares of NYSE DIN opened at $31.65 on Friday. Dine Brands Global has a 1 year low of $22.85 and a 1 year high of $39.68. The firm’s 50-day moving average is $35.04 and its 200-day moving average is $31.58. The firm has a market capitalization of $400.66 million, a PE ratio of 67.34 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. During the same period last year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Dine Brands Global will post 4.28 earnings per share for the current fiscal year.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full?service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.